Ameriprise Financial Inc. Buys 64,228 Shares of Enhabit, Inc. (NYSE:EHAB)

Ameriprise Financial Inc. boosted its stake in Enhabit, Inc. (NYSE:EHAB - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 651,425 shares of the company's stock after purchasing an additional 64,228 shares during the quarter. Ameriprise Financial Inc. owned about 1.30% of Enhabit worth $5,088,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EHAB. 8 Knots Management LLC lifted its stake in Enhabit by 16.4% in the 4th quarter. 8 Knots Management LLC now owns 4,430,898 shares of the company's stock worth $34,605,000 after purchasing an additional 623,602 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Enhabit by 12.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,953,941 shares of the company's stock valued at $15,260,000 after buying an additional 213,774 shares in the last quarter. Paradice Investment Management LLC raised its position in shares of Enhabit by 12.8% during the 4th quarter. Paradice Investment Management LLC now owns 1,780,113 shares of the company's stock valued at $13,903,000 after buying an additional 201,997 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Enhabit during the 4th quarter valued at about $593,000. Finally, AREX Capital Management LP raised its position in shares of Enhabit by 2.0% during the 4th quarter. AREX Capital Management LP now owns 2,490,795 shares of the company's stock valued at $19,453,000 after buying an additional 48,874 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating on shares of Enhabit in a research report on Thursday, March 6th.

Enhabit Trading Down 0.3%

NYSE:EHAB traded down $0.03 during mid-day trading on Thursday, hitting $10.33. 284,583 shares of the stock traded hands, compared to its average volume of 454,535. The stock has a market capitalization of $523.08 million, a price-to-earnings ratio of -4.45 and a beta of 1.61. Enhabit, Inc. has a 52 week low of $6.85 and a 52 week high of $10.79. The firm's 50 day moving average is $8.79 and its two-hundred day moving average is $8.37. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.85.

Enhabit (NYSE:EHAB - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $259.90 million for the quarter, compared to the consensus estimate of $266.11 million. Enhabit had a negative net margin of 11.24% and a positive return on equity of 1.67%. On average, equities research analysts predict that Enhabit, Inc. will post 0.22 earnings per share for the current year.

Enhabit Profile

Enhabit, Inc provides home health and hospice services in the United States. Its home health services include patient education, pain management, wound care and dressing changes, cardiac rehabilitation, infusion therapy, pharmaceutical administration, and skilled observation and assessment services; practices to treat chronic diseases and conditions, including diabetes, hypertension, arthritis, Alzheimer's disease, low vision, spinal stenosis, Parkinson's disease, osteoporosis, complex wound care and chronic pain, along with disease-specific plans for patients with diabetes, congestive heart failure, post-orthopedic surgery, or injury and respiratory diseases; and physical, occupational and speech therapists provide therapy services.